8 Jun 2012 13:59
Members of Rosneft Management Board Increase Stakes in Charter Capital
Members of Rosneft's Management Board have increased their interests in the Company's charter capital as follows:
- Eduard Khudainatov, member of the Board of Directors, Deputy Chairman of the Management Board, First Vice President of Rosneft, increased his holding from 0.0526% to 0.0605%.
- Larisa Kalanda, member of the Management Board and Vice President of Rosneft, increased her holding from 0.0082% to 0.0118%.
- Gani Gilaev, member of the Management Board and Vice President of Rosneft, increased his holding from 0.0012% to 0.0032%.
- Peter Lazarev, member of the Management Board and Financial Director of Rosneft, increased his holding from 0.0007% to 0.0011%.
This increase in the charter capital of Rosneft's senior management exemplifies the confidence that the Company's shares are currently undervalued and have significant growth potential. The share holdings of Rosneft's senior management are in line with global best practice for management incentives.
Rosneft Information DivisionTel.: +7 (495) 411 54 20Fax: +7 (495) 411 54 21
June 8, 2012
These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.